The government's gross direct tax collections rose 11.6 per cent, to 3.37 lakh crore rupees during the April to October period of the current fiscal. The government had fixed a direct tax collection target of 6.68 lakh crore rupees for 2013-14, envisaging a growth of 19 per cent. Gross corporate tax collection increased 8.2 per cent during the first seven months of this fiscal, the Finance Ministry said in a statement today. Gross collection of personal income tax rose 17.9 per cent, during the period. Net direct tax collections rose 13.3 per cent. Securities Transaction Tax mop-up stood at 2,645 crore rupees. And wealth tax collection grew 5.9 per cent, to 560 crore rupees during the seven month period.
News On AIR | November 6, 2013 7:06 PM
Gross direct tax collections surge 11.6 per cent